Reported about 2 months ago
John Foley, the former CEO of Peloton, shared how he lost his billionaire status as the company's stock plummeted after the pandemic. He revealed that he sold most of his possessions, including a $55 million home, while Peloton's market value fell from $50 billion to $1.8 billion. Despite this financial turmoil, Foley remains optimistic and is launching a new venture, Ernesta, hoping to regain financial stability.
Source: YAHOO